Bryce Jones Allegedly Gave Unsuitable Investment Recommendations

Bryce Jones (CRD #: 6361728), a broker registered with Independent Financial Group, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on June 20, 2023. Read on if you want to know more about his alleged conduct as a broker.

Investor Disputes

On April 27, 2023, an investor alleged that Bryce Jones made unsuitable investment recommendations and failed to follow their instructions in March 2021. This dispute is currently pending.

A dispute filed on July 10, 2015, alleged that Bryce Jones misrepresented a variable annuity issued in April 2015. The firm denied the dispute.

However, investors should know that firms can deny disputes without allowing an external review. Investors can still seek out FINRA arbitration after a denial and may be able to recoup their losses.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must use the information in an investor’s profile, such as their age, risk tolerance, and tax status.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulative, deceptive, or otherwise fraudulent means of influencing investors’ decisions. This includes the misrepresentation or omission of information related to investments, such as their potential returns, risks, or fees.

What are Variable Annuities?

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information

Bryce Jones has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 9 – General Securities Sales Supervisor – Options Module Examination
• Series 10 – General Securities Sales Supervisor – General Module Examination

Bryce Jones is a registered broker in nine states and a registered investment adviser in Utah.

He has also worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Bryce Jones and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.